“The global graphite electrode market was valued at 9.13 billion U.S. dollars in 2018 and is expected to reach 16.48 billion U.S. dollars by 2025, with a compound annual growth rate of 8.78% during the forecast period.”
With the surge in steel production and the industrialization of modern infrastructure, the demand for engineering and construction materials continues to increase, which are some of the important factors driving the growth of the global graphite electrode market.
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Graphite electrodes are heating elements used in electric arc furnaces to make steel from scrap, old cars and other equipment. The electrodes provide heat to the scrap steel to melt it to produce new steel. Electric arc furnaces are widely used in steel and aluminum production industries because they are cheap to manufacture. Graphite electrodes can be assembled into cylinders because they are part of the electric furnace cover. When the supplied electric energy passes through these graphite electrodes, a strong electric arc is formed, melting the scrap steel. According to the heat demand and the size of the electric furnace, different size electrodes can be used. In order to produce 1 ton of steel, approximately 3 kg of graphite electrodes are required. In the manufacture of steel, graphite has the ability to withstand such high temperatures, so the temperature of the electrode tip reaches about 3000 degrees Celsius. Needles and petroleum coke are the main raw materials used to make graphite electrodes. It takes six months to make the graphite electrodes, and then certain processes, including baking and re-baking, are used to convert the coke into graphite. Graphite electrodes are easier to manufacture than copper electrodes, and the manufacturing speed is faster because it does not require additional processes such as manual grinding.
Graphite electrode market construction, the increasing demand for steel in the oil and gas and automotive industries is expected to promote the development of the graphite electrode market. More than 50% of the global steel produced is used in the construction and infrastructure industries. The report includes the drivers, constraints, opportunities, and recent trends that have contributed to market growth during the analysis period. The report analyzes in detail the types and applications of regional segmentation.
Graphite electrode is one of the conductors, and it is an indispensable part of the steelmaking process. In this process, scrap iron is melted in the electric arc furnace and recycled. The graphite electrode inside the furnace actually melted the iron. Graphite has high thermal conductivity, and is very heat and impact resistant. It has low resistance, which means it can conduct the large currents required to melt iron. Graphite electrode is mainly used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy, silicon metal graphite electrode is used in electric arc furnace (EAF) and ladle furnace (LF) for steel production, ferroalloy production, silicon metal Production and smelting process
The global graphite electrode market report covers well-known players such as GrafTech, Fangda Carbon China, SGL Carbon Germany, Showa Denko, Graphite India, HEG India, Tokai Carbon Japan, Nippon Carbon Japan, SEC Carbon Japan, etc. American GrafTech, Fangda Carbon China and Graphite India have a total production capacity of 454,000 tons.
Post time: Mar-04-2021